AGCO Co. (NYSE:AGCO) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its holdings in shares of AGCO Co. (NYSE:AGCO) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,899 shares of the industrial products company’s stock after selling 25,621 shares during the period. Schroder Investment Management Group owned approximately 0.27% of AGCO worth $19,076,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allworth Financial LP lifted its position in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the period. UMB Bank n.a. lifted its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO in the fourth quarter worth about $33,000. LRI Investments LLC grew its holdings in AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 170 shares during the period. Finally, Jones Financial Companies Lllp raised its position in AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 265 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AGCO. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Truist Financial increased their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Citigroup lifted their price target on AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, March 17th. Finally, Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus target price of $104.60.

AGCO Price Performance

Shares of AGCO stock opened at $92.49 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business has a 50 day simple moving average of $97.94 and a two-hundred day simple moving average of $97.00. The stock has a market capitalization of $6.90 billion, a P/E ratio of -16.25, a PEG ratio of 1.80 and a beta of 1.24. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.25%. AGCO’s dividend payout ratio is presently -20.39%.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.